Qingdao Huijintong Power (603577) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Qingdao Huijintong Power ¥6.82, price ¥9.66, upside -29.4%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥5.43 – ¥14.17 · fair‑value band ¥4.78 – ¥8.87 · the ¥9.66 price screens above the ¥6.82 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Qingdao Huijintong Power Equipment Co.,Ltd., together with its subsidiaries, engages in the manufacture and sale of various galvanized and painted steel structures in China and internationally.
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Qingdao Huijintong Power Equipment Co.,Ltd., together with its subsidiaries, engages in the manufacture and sale of various galvanized and painted steel structures in China and internationally. The company offers angle steel towers, UHV towers, steel pipe towers, steel pipe pole, communication tower, and substation structure; and fastener, including anchor bolt, washer, nut, and bolt. It also provides electric power tower parts, high strength fastener, and electric power line accessories; offshore drilling platform, production platform, marine floating structure, equipment and fittings of marine engineering, tower, metal structure R and D, ocean engineering technology R and D, and technology services; inspection and testing services for steel structures and metal materials; and new material technology R and D, technology promotion and transfer, and technical consultation services. In addition, it is involved in the sale of tower and transmission line steel tower; photovoltaic brackets; general contracting; project management; technology development, consultation, service, promotion, and transfer; import and export of goods; and international trade business. It serves power, communication, new energy, rail transit, and other industries. The company was founded in 2004 is headquartered in Jiaozhou, China.
Stock analysis
Qingdao Huijintong Power (603577) currently trades at ¥9.66, while our model-based Fair Value estimate is ¥6.82, implying the stock looks roughly 41.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥14.86 per share, and 11 of the 26 models we run sit above the ¥9.66 price.
Bear case: the Asset-Based group reads lowest at ¥3.87, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥4.78 (bear) to ¥8.87 (bull), the price of ¥9.66 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Qingdao Huijintong Power reported revenue of 4.2B CNY in FY2025 versus 3.2B CNY in FY2021, a compound +6.8%/yr. Reported net income was 103M CNY in FY2025, compounding +9.7%/yr from FY2021.
Key figures
Market cap 3.3B CNY (≈ $489M) · P/E ratio 32.2 · P/S ratio 0.79 · EPS (TTM) ¥0.3000 · Dividend yield 0.6% · Net margin 2.5% · Return on equity 5.3% · Return on assets (EBIT) 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −29%, 603577 screens cheaper than that median.
Fair Value models
Bear ¥4.78Fair Value ¥6.82Bull ¥8.87
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.1748 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.6%
Start year 2020 (pandemic). Over 10 years: +22.4% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.5%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5% vs 0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 6%
2025 sits 162% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +12.7% a year for the price.
Compare Qingdao Huijintong Power with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 262 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−29% · Below median
Profitability
Return on equity (TTM)5% · Above median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (TTM)32.2× · Pricier than median
P/B1.67× · Cheaper than median
P/S (TTM)0.79× · Cheaper than median
P/FCF2.4× · Cheaper than median
EV/EBITDA11.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 34
PAST (return on equity)21· sector 20
HEALTH (low debt)79· sector 95
DIVIDEND (yield)13· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Qingdao Huijintong Power Fair Value". https://www.fairvalue-calculator.com/stock/603577
Frequently asked questions
Is Qingdao Huijintong Power (603577) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥6.82 versus a price of ¥9.66, about −29% upside (overvalued).
What is the fair value of 603577?
Our model-based fair value for Qingdao Huijintong Power is ¥6.82 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥9.66.
What is the quality score of 603577?
Qingdao Huijintong Power has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Qingdao Huijintong Power (603577)?
Our model-based price target is the fair value of ¥6.82 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario ¥4.78, optimistic scenario ¥8.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Qingdao Huijintong Power stock forecast for 2026?
Our models put fair value at ¥6.82, about −29% upside versus a price of ¥9.66 (overvalued). Cautious scenario ¥4.78, optimistic scenario ¥8.87. The calculation is refreshed regularly with new filings.
What is the revenue of Qingdao Huijintong Power (603577)?
Qingdao Huijintong Power reported trailing-twelve-month revenue of about 4.1B CNY (latest available figure, as of Sep 23, 2026).
Does Qingdao Huijintong Power pay a dividend?
Qingdao Huijintong Power currently shows a dividend yield of about 0.63% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Qingdao Huijintong Power (603577)?
For today's price to be fair in a discounted-cash-flow model, Qingdao Huijintong Power would have to grow free cash flow by +14.6 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 603577 use?
Our models discount Qingdao Huijintong Power at 9.1 %: a base by market capitalisation (mid), damped by beta 0.40, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Qingdao Huijintong Power that is +14.6 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Qingdao Huijintong Power (603577) delivered so far?
Over the past 5 years revenue at Qingdao Huijintong Power grew +16.6 % a year. The price currently implies +14.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Qingdao Huijintong Power (603577) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Qingdao Huijintong Power (+14.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Qingdao Huijintong Power (603577)?
The free-cash-flow yield on the price is 6.20 %: that much free cash flow Qingdao Huijintong Power produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Qingdao Huijintong Power (603577)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qingdao Huijintong Power it is ¥6.82 per share (as of Sep 23, 2026), against a price of ¥9.66. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Qingdao Huijintong Power stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 603577 trades above its calculated fair value: price ¥9.66, fair value ¥6.82, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603577?
No. The price is what the market pays today (¥9.66); the fair value is what the company's own numbers justify (¥6.82). For Qingdao Huijintong Power the two are ¥2.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qingdao Huijintong Power worth?
The market values Qingdao Huijintong Power at about 3.3B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥9.66; our models calculate a fair value of ¥6.82 per share.
What do the bullish and bearish scenarios say about 603577?
Our models span a range for Qingdao Huijintong Power: cautious scenario ¥4.78, base ¥6.82, optimistic ¥8.87 per share (as of Sep 23, 2026, price ¥9.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603577?
Qingdao Huijintong Power trades at a price-to-earnings ratio of 32.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.82 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.8, EV/EBITDA 11.8.
How solid is the balance sheet of Qingdao Huijintong Power (603577)?
Balance-sheet figures for Qingdao Huijintong Power (as of Sep 23, 2026): return on equity 5.3%, debt of 0.42 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 603577 from its 52-week high?
Qingdao Huijintong Power trades at ¥9.66, about 19% below its 52-week high of ¥11.97 and 14% above the low of ¥8.45 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.82 is for.
Which stocks are comparable to Qingdao Huijintong Power?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Qingdao Huijintong Power stock attractive at the current price?
The data as of Sep 23, 2026: price ¥9.66, calculated fair value ¥6.82 (−29%), Quality Score 52/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603577 calculated?
We run Qingdao Huijintong Power through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥6.82, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Qingdao Huijintong Power itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Qingdao Huijintong Power (603577)?
The closing price on Sep 23, 2026 was ¥9.66. Our model-based fair value is ¥6.82, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qingdao Huijintong Power right now?
The price sits above even our optimistic bull case (¥8.87). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥4.78 to ¥8.87) leaves room in how you read the outcome.
Where does the earnings growth of Qingdao Huijintong Power (603577) come from?
Earnings per share at Qingdao Huijintong Power grew −3.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +15.5 %, EBIT margin −16.5 %, tax rate +0.9 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Qingdao Huijintong Power
How large is the market capitalisation of Qingdao Huijintong Power (603577)?
The market capitalisation of Qingdao Huijintong Power is 3.3B CNY (≈ $489M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Qingdao Huijintong Power (603577)?
The price-to-sales ratio of Qingdao Huijintong Power is 0.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Qingdao Huijintong Power (603577)?
Earnings per share at Qingdao Huijintong Power are ¥0.3000 (price ÷ EPS = P/E 32.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Qingdao Huijintong Power (603577)?
The dividend yield of Qingdao Huijintong Power is 0.6% (payout 20.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Qingdao Huijintong Power (603577)?
The net margin of Qingdao Huijintong Power is 2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Qingdao Huijintong Power (603577)?
The return on equity (ROE) of Qingdao Huijintong Power is 5.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Qingdao Huijintong Power (603577)?
On an EBIT basis the return on assets of Qingdao Huijintong Power is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Qingdao Huijintong Power (603577)?
The operating margin of Qingdao Huijintong Power is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qingdao Huijintong Power (603577)?
Revenue at Qingdao Huijintong Power is growing −4.3% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Qingdao Huijintong Power (603577)?
Earnings per share at Qingdao Huijintong Power are growing −9.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Qingdao Huijintong Power (603577) carry?
The net debt of Qingdao Huijintong Power is 2.4B CNY (fiscal year 2025, ≈ 12.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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